Global M&A Roundup Jul 28, 2017 – 20 Fenchurch Street, ista Luxemburg, WebMD Europe Healthcare Industrials Investment Banking Mergers & Acquisitions Power & Utilities Real Estate USA by Sara - July 31, 2017August 14, 20170 Our previous Canadian Mergers & Acquisitions roundups can be found here. Our previous global M&A roundups can be found here. Target: Walkie Talkie Building at 20 Fenchurch Street London Industry: Real Estate Acquirer: Infinitus Property Investment Limited Target: Walkie Talkie Building at 20 Fenchurch Street London Size: £1.3 billion (CAD $2.1
How to Analyze REITS – Case Study: RioCan Canada Case Study Equity Research Real Estate by Ramtin - July 30, 2017July 10, 20180 This is a post constructed in the format of an equity research report on a REIT. What are REITs? Real Estate Investment Trusts (REIT, pronounced REET) are companies that own, and in some cases operate, income-producing real estate assets. REITs offer investors a regular income stream (corporate tax-free dividends), diversification (theoretically should have
How to Not Get Blacklisted from Investment Banking Recruiting Career Networking by Matt - July 28, 2017February 19, 20181 As with most other financial services professions, breaking into capital markets roles has a lot to do with networking. Accordingly, many bankers and other people who do not know any better but feel compelled to give their opinion like to say, “get yourself out there and meet as many people as
A Conversation About Risk and Reward Equities Investing by Matt - July 27, 2017February 19, 20180 This last week had Q2 earnings season kicking off in earnest and one of the big stories, aside from Anthony Scaramucci, has been tech. Google, Amazon and Facebook all reported this week – Google and Amazon missed expectations and dropped. Research analysts are reciting the same lines about tech stocks being
Interview with: Credit Rating Agency Analyst Credit Rating Debt Capital Markets Fixed Income Interview Series by Karl - July 26, 2017March 5, 20180 Interview conducted with a director in corporate banking at a major bank What is the objective of a ratings agency and a credit rating? How do credit agencies get paid and who are the main players in the space? Is there a difference in compensation ranges for the various agencies? Rating agencies
Global M&A Roundup Jul 21, 2017 – Avista Corp, Lightower Fibre Networks, Frenchs Food, Paysafe Group Canada Consumer & Retail Investment Banking Mergers & Acquisitions Power & Utilities Technology Telecom USA by Sara - July 26, 2017August 14, 20170 Target: Avista Corporation (NYSE:AVA) Industry: Power & Utilities Acquirer: Hydro One Limited (TSX:H) Target: Avista Corporation Size: USD $5.3 billion Consideration: 100% Cash Source of Funds: Equity, Debt Sell Side Advisor: BofA Merrill Lynch Buy Side Advisor: Moelis Legal Advisors: Kirkland & Ellis LLP, Bracewell LLP Expected Close: Q2 2018 Hydro
Business Golfing Primer – Beginner to Scratch Golfer to Sergio Garcia Culture by Matt - July 25, 2017September 17, 20180 As none of you may know, in a past life I was/am a scratch golfer who was on the varsity team at school (possibly the only reason why I passed my investment banking interview). Although strong corporate finance knowledge and quality work can carry someone all the way to a Managing
Canadian M&A Roundup Jul 21, 2017 – CRS Contractors Rental Supply, Obagi Medical Products, TPG Real Estate Canada Healthcare Industrials Investment Banking Mergers & Acquisitions Real Estate by Sara - July 25, 2017July 25, 20170 Keep an eye out for our global M&A roundup, our past ones can be found here. Our past Canadian M&A roundups can be found here. Target: CRS Contractors Rental Supply, Inc. Industry: Industrials Acquirer: Sunbelt Rentals, Inc. Target: CRS Contractors Rental Supply, Inc. Size: $295 million Consideration: 100% Cash Source of
Analyzing Oil Sands Stocks Canada Commodities Exploration & Production by Matt - July 24, 2017February 19, 20180 The oil supply-demand paradigm is always changing, and this year has been no different with OPEC struggling to justify continued production cuts as any rise in oil price has resulted in widespread hedging by US shale oil producers - who can lock in profits for production in the next year while
Trends in Oil & Gas Commodities Energy Trends by Matt - July 22, 2017July 10, 20180 We have written fairly extensively on oil, but gas is becoming increasingly important in the energy space as improving technology, relatively less carbon footprint and abundance of the resource push gas away from its historical use for power generation more into petrochemicals and as an alternative fuel to gasoline (even